Linde plc Ordinary Shares (LIN)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 33,005,000 | 37,456,000 | 37,255,000 | 37,192,000 | 37,285,000 | 32,451,000 | 33,093,000 | 33,346,000 | 33,364,000 | 33,763,000 | 32,634,000 | 31,761,000 | 30,793,000 | 29,767,000 | 28,954,000 | 27,747,000 | 27,243,000 | 27,051,000 | 27,196,000 | 28,023,000 |
| Total assets | US$ in thousands | 80,147,000 | 82,546,000 | 80,215,000 | 80,347,000 | 80,811,000 | 77,827,000 | 78,718,000 | 80,308,000 | 79,658,000 | 74,323,000 | 77,885,000 | 82,767,000 | 81,605,000 | 84,191,000 | 84,345,000 | 84,993,000 | 88,229,000 | 87,209,000 | 85,856,000 | 84,369,000 |
| Total asset turnover | 0.41 | 0.45 | 0.46 | 0.46 | 0.46 | 0.42 | 0.42 | 0.42 | 0.42 | 0.45 | 0.42 | 0.38 | 0.38 | 0.35 | 0.34 | 0.33 | 0.31 | 0.31 | 0.32 | 0.33 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $33,005,000K ÷ $80,147,000K
= 0.41
Total asset turnover is a key financial ratio that measures a company's efficiency in generating sales revenue from its assets. The ratio is calculated by dividing net sales by average total assets. For Linde plc Ordinary Shares, the total asset turnover has shown a fluctuating trend over the period from March 31, 2020, to December 31, 2024.
The total asset turnover ratio for Linde plc started at 0.33 in March 2020, indicating that the company generated $0.33 in revenue for every dollar of average total assets. The ratio slightly declined to 0.31 by September 2020 but started to increase gradually in the following quarters. By December 2023, the total asset turnover ratio reached its peak of 0.46, suggesting improved efficiency in utilizing assets to generate sales.
However, the ratio dipped to 0.41 by December 2024, indicating a slight decrease in asset utilization efficiency. Overall, the fluctuating trend of the total asset turnover ratio for Linde plc suggests varying levels of effectiveness in converting assets into revenue over the analyzed period. Investors and stakeholders may consider monitoring this ratio to evaluate the company's operational efficiency and asset management practices.
Peer comparison
Dec 31, 2024
See also:
Linde plc Ordinary Shares Total Asset Turnover (Quarterly Data)